After a strong first quarter, the North Shore real estate market went down sharply in the 2nd quarter and ended up with an 8% drop in sales for the first half of 2020. Median prices were unchanged, and market time was up 16% as compared to the first half of 2019. Home sales in March and April were down dramatically due to covid-19 and led to the weak 1st half numbers. However, Continue Reading
North Shore Market Report: 1st Quarter 2020
Our market report reflects closed sales for the 1st quarter of 2020. These sales were not significantly impacted by covid-19 and the quarantine as the vast majority of these these properties were under contract prior to March and closings have generally been going through as scheduled. We saw a slow down in sales activity in March, which will be reflected in closings for the 2nd quarter of 2020. Continue Reading
North Shore Market Report–3rd Quarter 2019
The number of North Shore homes sales in the 3rd quarter of 2019 was up 3% from the 3rd quarter of 2018. Market time was down 7%, and median prices were down 1%. Inventory in 2019 has gone up in some locations and down in others, but continues to be on the high side in most local suburbs, making it a competitive market. The market was strongest in the first half of the year and has slowed in the Continue Reading
North Shore Market Report 2018
The North Shore real estate market in 2018 continued its pattern of stable, sideways movement. The number of single family home sales dropped by 5%, median prices increased by 2% and market times were up 3%. Since 2015 our market has been very stable with small price increases and the number of sales fluctuating up and down slightly. Here are the statistics for Continue Reading
North Shore Market Report: 3rd Quarter 2018
The number of North Shore homes sales in the 3rd quarter of 2018 was down 10% from the 3rd quarter of 2017. Market time was unchanged, and median prices were up 3%. Overall the market was been slowing down this quarter. Inventory in 2018 has gone up in some locations and down in others, but continues to be on the high side in most local suburbs, making it a competitive market. The market was Continue Reading
North Shore Market Report–First Half of 2018
The North Shore real estate market in the first half of 2018 has been steady. Median prices of North Shore single family homes are up 1% for the first half of 2018, and the number of home closings is down 4% compared to last year. Market time has decreased by 4 days and inventory has been level. These numbers show a good, steady North Shore market. Individual suburbs varied in their Continue Reading
North Shore Market Report 2017
The word to describe the 2017 North Shore real estate market is Stable. Prices, market times and the number of sales all stayed very consistent with 2016 statistics. In fact, we have had 3 years in a row of a market that has moved more or less sideways. The median price of North Shore homes had no change. The number of home sales increased by 3%, and market time went up 5%. Here are the 2017 Continue Reading
North Shore Market Report – First Half of 2017
The real estate market in 2017 has been strong. Prices of North Shore single family homes are up 2% for the first half of 2016, and the number of home closings is up 9%. Market time has increased by 3 days and inventory has been steady. Here are the first half statistics. Number of Homes Sales Average Market Continue Reading
North Shore Market Report for 2016
North Shore Market Report, End of 2016 We have had 2 years in a row of stable, almost sideways movement in the North Shore real estate market. The number of home sales increased by 3.7%, and market time went up 10%. The average price on the North Shore increased by 2%, but 3 of the 4 suburbs in my chart had small average price declines. Essentially prices stayed about the same. Here are the Continue Reading
